Current Residential Lot Market

Hot Springs Village, Arkansas

December 1, 2009

 

 

Today’s Market – as Indicated by Central Arkansas Multiple Listing Service

 

There are currently 1032 lots (up 9 units) on the market with prices ranging from $995 to $369,500.

The average number of days on the market is 349.

There are 207 lots listed at less than $5,000, 320 lots listed at less than $8,000, 420 lots listed at less than $10,000 and 564 lots listed at less than $15,000.  These numbers are nearly unchanged in all four categories.

There are 55 lake-front and lake view lots (down 1 unit) with an average asking price of $118,427 (down 1.7%),

238 golf course frontage lots (up 28 units) with an average asking price of $42,775 (down 4.8%),

99 mountain-view lots (down 2 units) with an average asking price of $37,043 (down 5.7%),

and 655 interior wooded lots with a median asking price of $8,000 (unchanged).

 

Lots Sold and Closed from October 1, 2009 through November 30, 2009.

 

There have been 29 lots sold (down 4 units) in this time period ranging in sales price from $1 to $175,000 and a median sold price of $5,000.  The average number of days on the market before being sold was 133. 

There was 1 lake lot sold in the last 60 days with a sold price of $175,000,

5 golf course frontage lots sold with an average sold price of $43,100,

4 mountain view lots sold with an average sold price of $46,375; and  

20 interior wooded lots sold with an average sold price of $2,729.

 

Lots Sold and Closed from October 1, 2008 through November 30, 2008

 

There had been 25 lots sold in this time period ranging in sales price from $1 to $77,400 and a median sold price of $9,000.  The average number of days on the market before being sold was 209. 

There was 1 lake lot sold with a sold price of $77,400,

2 golf course frontage lots sold with an average sold price of $11,000,

5 mountain view lots sold with an average sold price of $39,840 and

17 interior wooded lots sold with an average sold price of $7,252.